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cts eventim ag & co kgaa (EVD) Details

CTS EVENTIM AG & Co. KGaA operates in the leisure events market worldwide. It operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. This segment also offers merchandising articles and travel services. It markets events (tickets) using the Internet through eventim.de and its network platform, eventim.net; in-house ticketing product through eventim.inhouse; sport ticketing product through eventim.tixx; and a solution for ticket sales and admission control in stadiums and arenas through evetim.access. The Live Entertainment segment plans, prepares, and executes tours and events, including music events and concerts, as well as markets music productions. This segment is also involved in the operation of venues. The company was formerly known as CTS EVENTIM AG and changed its name to CTS EVENTIM AG & Co. KGaA in May 2014. CTS EVENTIM AG & Co. KGaA is headquartered in Bremen, Germany.

cts eventim ag & co kgaa (EVD) Key Developments

CTS EVENTIM AG & Co. KGaA reported earnings results for the year of 2014. For the period, the company achieved further increases in revenue and earnings throughout the group, both in Germany and in neighboring European countries, as a result of organic growth and growth by acquisition. Revenue improved by 9.9% to reach EUR 690.3 million against EUR 628.3 million a year ago, while normalized EBITDA rose by 14.4% to EUR 155.8 million against EUR 136.3 million a year ago. Normalised EBIT, before amortisation from purchase price allocation, was up 12.0% year-on-year at EUR 138.6 million against EUR 123.7 million a year ago. The EBITDA figure rose to EUR 154.6 million against EUR 133.9 million a year ago, up 15.5%, and the EBIT figure to EUR 126.2 million against EUR 110.9 million a year ago,up 13.8%.

The CTS Group Announces Earnings Results for the Third Quarter and First Nine Months of 2014; Provides Earnings Guidance for the Full Year of 2014

Nov 26 14

The CTS Group announced earnings results for the first nine months of 2014. The CTS Group revenue increased by 5.7% to EUR 469.3 million against EUR 444.1 million a year ago. Normalized EBITDA improved by 5.2% to EUR 90.4 million against EUR 86.0 million a year ago and normalized EBIT before amortization from purchase price allocation rose to EUR 78.2 million against EUR 76.9 million, up 1.7% a year ago. EBITDA improved to EUR 89.4 million against EUR 83.7 million, up 6.8% a year ago and EBIT to EUR 68.9 million against EUR 66.8 million, up 3.2% a year ago.
For the quarter, the company announced its net profit grew to EUR 9.2 million from EUR 7.2 million. Earnings before interest and tax (EBIT) increased to EUR 17.8 million from EUR 16.9 million. Revenues, on the other hand, dropped to EUR 129.8 million from EUR 131.8 million.
The company announced that it expects further growth in both revenue and earnings in the full year.

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